Newth Talks Tax: Capital Allowances and nursing homes
Posted by AccountingWEB in Tax on Mon, 10/11/2008 - 11:11
Capital Allowances and nursing homes
Steve inquired if anyone had had dealings with companies looking at submitting revised capital allowances claims on nursing home properties. Clients have been approached and advised that any revaluation/restructuring of capital cost on purchase is allowable for extra capital allowances. They have also been advised that on subsequent sale of the property any extra allowances will not be deducted in calculating any capital gains.
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